The conventional political risk analysis goes like this. Against the odds, an Interim Agreement on Iran’s nuclear programme was reached in Geneva at the end of last year. Talks on a final status nuclear solution are about to start, being given six months to reach an accord – with a possible extension of six months on the cards just in case. Yes, the opening positions between the two sides are far apart, but what did we expect? The Iranians are asking for far more than they expect to get (just as we would), but will settle for a reasonable deal after a year’s worth of haggling. No need to worry about this one in terms of investment or global stability, mate.
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